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13 Park Place Dr
Lake Park, IA 51347
Dollar General · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Minimal competition as the closest national Dollar Store chain is over 10 miles from the subject property
  • 2018 build-to-suit construction for Dollar General with ± 9 years remaining on an initial 15-year term
  • Dollar General has ±20,000 locations and plans to continue their expansion for the foreseeable future
  • Attractive 7.50% return on a stabilized investment grade credit tenant
  • Dollar General boasts an investment grade credit rating of BBB (S&P)

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
7,489 SF
Building Class
C
Year Built
2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.43 AC
Zoning
CR - Commercial Retail
Parking
30 Spaces (4.01 Spaces per 1,000 SF Leased)
Frontage
231’ on Park Place Drive

AMENITIES

  • Dedicated Turn Lane
  • Security System
  • Signage
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-34-353-030
Land Assessment
$77,100
Improvements Assessment
$715,400
Total Assessment
$792,500
  • Listing ID: 32781644

  • Date on Market: 8/13/2024

  • Last Updated:

  • Address: 13 Park Place Dr, Lake Park, IA 51347

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